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[3분증시] The New York stock market, banking stocks rebound, inflation rises at the expected level, etc.
[앵커]
This is the ‘3 minute stock market’, time to look at the world stock market and our stock market.
Yonhap Infomax Reporter Kwon Yong-wook is with me.
First of all, let’s sort out the US stock market last night.
[기자]
Yes, last night, the New York stock market showed a long-awaited rally in the sudden rebound of banking stocks and price indices that met expectations.
Looking at the closing price, the Dow is up 1.06% from the battlefield.
The S&P500 index jumped 1.68% and the Nasdaq index jumped 2.14%, respectively.
The turmoil in the financial market caused by the bankruptcies of Silicon Valley Bank and Signature Bank has subsided somewhat with the intervention of the authorities.
In particular, the local bank stocks rebounded quickly and saved the market atmosphere.
The share price of a regional bank called First Republic, designated as the second SVB and which recently plunged, rose by 27%.
Shares rose more than 9% as CEO Charles Schwab said a significant number of customer deposits were coming in.
Super-major bank stocks also rose immediately.
Shares of Citigroup and Wells Fargo rose more than 5% and 4%, respectively, and shares of JP Morgan rose more than 2%.
Experts predict that the current situation will not turn into a liquidity crisis as it is different from the financial crisis of 2008 and the big banks are healthier than before.
However, Moody’s, an international credit rating agency, downgraded the outlook for the US banking system from ‘stable’ to ‘negative’, and unease in the banking sector may continue for now.
Moody’s said it had taken into account the rapidly deteriorating business environment of banks in its evaluation.
[앵커]
Yes, but it is fortunate that worries about paper money have been put to an end.
There was also an important consumer price index announcement last night.
[기자]
Yes.
US consumer prices for February were released, largely in line with expectations, giving investors reassurance.
The consumer price index rose in February by 6.0% from the same month last year.
This is at the same level as originally expected by experts, and below the increase of 6.4% in January.
This rate of increase was also the lowest in approximately two years and five months.
Consumer prices rose in February by 0.4% month on month, which was also in line with market expectations.
In addition, the core consumer price index, excluding high-volatility factors, rose 5.5% from the same period last year, in line with market expectations.
[앵커]
Yes, now that the Fed’s interest rate decision is coming this month, what is the market’s prediction?
[기자]
Yes, the possibility of raising the interest rate by 0.50 percentage points is considered low, as consumer prices in February came out at the level expected by the market.
In addition, if systemic unrest in the US banking sector continues to grow, an interest rate freeze is possible, but for now, the possibility of an interest rate increase of around 0.25 percentage points is gaining momentum.
With inflation coming down but still above the Fed’s target, experts expect the increase in baby step rates to continue.
[앵커]
Finally, note today’s KOSPI outlook.
[기자]
Yes, KOSPI fell suddenly yesterday in the midst of SVB’s bankruptcy and the sale of foreigners.
The index was trading around 2,349, down 2.5%.
Today, the KOSPI is expected to begin an upward trend, reflecting the sharp rebound in US banking stocks last night.
The fact that yesterday’s decline was a bit too much could lead to a buying trend today.
Additionally, as the US consumer price index comes out at the expected level, it appears that our stock market will be able to take a breather.
#New York Stock Exchange #BankStocks #InflationIndex #KOSPI
Yonhap News TV article inquiries and reports: Kakao Talk/Line jebo23
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